The Office of the Superintendent of Financial Institutions (OSFI) has issued a notice concerning the adoption of International Financial Reporting Standards (IFRS) by federally regulated financial firms, noting that firms won’t be allowed to adopt the standards early, and that it will demand more disclosure on the issue.OSFI notes that the Canadian Accounting Standards Board […]
Few senior finance executives are aware of the differences in financial reporting standards: report
A two-day conference is underway in Toronto focusing on the world-wide migration to a common financial reporting language known as International Financial Reporting Standards (IFRS).More than 750 have registered for the gathering. The IFRS – North America Conference is a joint presentation by The International Accounting Standards Committee (IASC) Foundation, and The Canadian Institute of […]
Calls on CSA to keep U.S. GAAP option open to Canadian-based SEC registrants
Canada on target to transfer to IFRS by 2011
CPRB guidance covers EBITDA and free cash flow
Official changeover date is Jan. 1, 2011
Regulators seeking feedback on three key issues
Organization is concerned about differing global standards
CGA-Canada claims Board is biased toward chartered accountants